The $40 billion crash of Kwon’s TerraUSD and Luna coins triggered a cascade of company failures across the crypto sector.
Crypto speculation at 2024 lows as TradFi leveraged ETFs hit record $239B
Memecoin dominance is at a 2024 low amid low crypto investor risk appetite, while speculative appetite in traditional finance is bolstering leveraged ETFs to new all-time highs of $239 billion.
Japan, Central Asia to partner on AI mining tech at maiden summit
TOKYO -- Japan will soon establish a framework with Central Asian countries where Japanese artificial intelligence technology will help develop the region's mining sector, Nikkei has learned, as Tokyo ...
Japan central bank may raise key interest rates first time since January to highest level in 30 years. Check factors that are driving Bank of Japan’s likely big bold step
Central banks use the neutral rate as a benchmark in setting policy. But it is not directly observable and hard to estimate as factors affecting it, like productivity, change over time.
Kalshi Challenges Polymarket’s Crypto Connections, Launching Tokenized Event Trading Via Phantom Wallet
As Kalshi’s trading volume surpasses Polymarket’s, it will now offer prediction market access to Phantom’s 15 million users on Solana.
Crypto tax notices: File revised return before assessment, update later
A revised return can be filed before assessment or notice, while an updated return may be filed thereafter. “Once proceedings like search or survey begin, an updated return may not be allowed, and specialised tax or legal advice becomes essential,” says Panjiar.
Bank of Japan set for first rate hike in 11 months
TOKYO -- The Bank of Japan is moving to raise its policy rate at the Dec. 18-19 monetary policy meeting with a 25-basis-point increase from 0.5% to 0.75% emerging as the leading option, Nikkei has ...
Crypto fraudster sentenced for 15 years prison for $40 billion fraud
A South Korean national and former crypto entrepreneur had been had been sentenced to jail for an ‘epic’ fraud.Do Kwon, was co-founder of Singapore-based Terraform Labs, which
Klarna Partners With Privy to Explore Crypto Wallet Use Within its Ecosystem
The project aims to make crypto more accessible to everyday users, building on Klarna's recent launch of KlarnaUSD, a dollar-backed stablecoin.
The rebirth of the Nikkei: why investors are turning their eyes to Japan
The Japanese stock market has made a strong comeback and is once again on investors’ radar after years of being overlooked due to a weak economy and a deflationary backdrop.
Japans Nikkei climbs after relief rally on Wall Street; tech shares slide
The Nikkei 225 Index rose 0.9% to 50,610.04 as of the midday break, set to eke out a 0.2% gain on the week. The broader Topix was up 1.6% after reaching a record intraday high of 3,420.57.
Kyocera and Canon to invest in Japanese chipmaker Rapidus
TOKYO -- Over 20 Japanese companies including Kyocera, Canon and Honda Motor are making fresh investments in chipmaker Rapidus, which aims to domestically produce cutting-edge semiconductors, Nikkei ...
Treasury Secretary Bessent to propose major changes that could reshape crypto regulation
The U.S. Treasury’s top markets watchdog is about to change how Washington thinks about “systemic risk,” and crypto could be one of the biggest winners.
Crypto Entrepreneur Who Caused 2022 Crash Is Sentenced to 15 Years in Prison
Do Kwon, who designed the virtual currencies Luna and TerraUSD, which plunged in 2022, had pleaded guilty to fraud.
Crypto fraudster sentenced for ‘epic’ $40bn stablecoin crash
A former crypto entrepreneur who was behind two digital currencies that collapsed and lost an estimated $40bn ($29.9bn) has been sentenced by a New York judge to 15 years in prison for an "epic" fraud ...
Analyst warns key Fed decision could reprice crypto after Michael Burry’s alert
The Federal Reserve is about to flip the liquidity switch back on, and crypto may be one of the first places it shows up.